HSBC to exit parts of investment banking business in UK, US and Europe
Lender to wind down in businesses where it has struggled to compete with rivals
Read more at Financial Times
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HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.CNBC - 1d -
Trump tells world business leaders to invest in the US or else
President Donald Trump gave international business leaders to invest in the U.S. or else.ABC News - 6d -
Santander considers UK exit amid frustrations with high street banking
Spanish group reviewing its presence in the country as returns lag other marketsFinancial Times - Jan. 18 -
UK companies outpace US businesses in share buybacks
FTSE groups adopt practice that has drawn criticism from lawmakers but research suggests it could lift long-term share priceFinancial Times - Jan. 17 -
UK watchdog scrutinises investment trusts’ battle with US hedge fund
FCA encourages Hargreaves Lansdown, Interactive Investor and AJ Bell to make shareholders aware of looming votesFinancial Times - Jan. 16 -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
Investment banks prepare for crunch year in 2025
Boutiques counting on M&A rebound to support elevated valuations and star hiresFinancial Times - Jan. 6 -
Europe is not a business backwater
Comparisons with the US stock market undersell the continent’s companies and their potentialFinancial Times - Jan. 5 -
Watch: Snowy Sunday in parts of the UK
Many people in the north of England and Wales woke up to wintery scenes.BBC News - Jan. 5
More from Financial Times
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SoftBank in talks to invest up to $25bn in OpenAI
Deal would make Japanese group biggest financial backer in ChatGPT makerFinancial Times - 2h -
American and European populism don’t mix
Elon Musk will find the European right more statist than some progressives at homeFinancial Times - 15h -
Reeves’ growth strategy depends on selling positive changes
The chancellor needs to shout about reforms to the Treasury that could both deliver and, crucially, reassure investorsFinancial Times - 10h -
Meta’s Zuckerberg explores purchase of Washington property
Billionaire founder of social media group seeks to work more closely with Trump administrationFinancial Times - 21h -
Microsoft’s cloud sales disappoint as it struggles to meet AI demand
Tech group’s capital spending surges to $23bn in attempt to clear capacity constraintsFinancial Times - 2h
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American Airlines regional jet carrying 64 collides midair with military helicopter near D.C. airport
An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.CNBC - 5m -
Passenger jet and US Army helicopter collide over Washington
American Airlines flight from Kansas was approaching Reagan NationalFinancial Times - 13m -
To some, OpenAI is a DeepSeek victim. But SoftBank may be more upbeat than ever.
SoftBank reportedly is in talks to invest up to $25 billion in OpenAI and become the ChatGPT creator’s largest investor.MarketWatch - 19m -
ServiceNow’s stock falls as the outlook underwhelms. But it is conservative?
ServiceNow’s CFO said the forecast for subscription revenue is prudent. And one analyst cheered the company’s momentum with large deals.MarketWatch - 41m -
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.CNBC - 1h